Wednesday, 2022.01.26
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Tag: Cash

Why Is There A Shortage of Small Change in the Philippines?

The police found 50 million 1 peso coins in a warehouse in the Philippines, which have suffered from a shortage of small change for years. The central bank is calling for coin hoarding to be criminalised – but parliament passed such a bill in 2014. How come?

Is Paying With Collector Coins A Crime in the UK?

In the UK collector coins have legal tender status but are not intended as a means of payment. Confusing? Michael Alexander explains why a coin collector according to that law was first charged with theft – and then turned the tables.

What to Expect of the World Banknote Summit

In the World Banknote Summit’s conference program a “must” topic is of course the learnings from the Covid-19 pandemic, but also digital currencies and the future of cash. The event will be held online from 22nd to 24th November 2021 and registrations are open.

Italy Cancels Controversial Cashless Campaign

In a much-maligned scheme Italy’s government aimed at encouraging cashless payments by reimbursing a part of the sum paid with ec cards. Recently the European Central Bank wrote a letter of concern to Rome over the matter – not for nothing.

New Research on Transmission of Covid-19 Via Cash

Can Covid-19 spread through cash? A new ECB paper has done thorough tests to understand not only if the virus survives on banknotes and coins but also if humans can infect themselves with it. Let’s face the facts.

Ghana Tests Digital Currency

The Bank of Ghana pilots with Giesecke+Devrient a digital currency in Ghana. The e-Cedi makes payments without a bank account possible and offers the advantage of highly secure transactions.

Money Creators. Who Decides What’s Money?

Who has the right to create and issue money? And what about the future forms of digital money? The Deutsche Bundesbank answers questions like these in its new special exhibition “Money creators. Who decides what’s money?”.

Why Did the US Mint Increase the Production of Circulation Coins in the Covid...

In the Covid year 2020, the US Mint produced over 24 percent more circulation coins than in the previous year: 15.5 billion coins, nearly a record. This is due to a constant shortage of cash in the USA. However, the Mint alone cannot solve this issue.

Do You Pay Cash? Yes! The World’s Most Cash-Reliant Countries

In many countries people prefer cash over cashless. But what do you think, which one is currently the world’s most cash-reliant country? A hint: more than 3 out of 4 transactions are done there using banknotes and coins. Read here the results of a new research.

Covid-19 Is Precipitating the Death of Cash, You Say?

All over the media we read about the death of cash and the advent of a new, cashless, dawn. But Covid-19 has reminded us of how essential cash is to us all and instead of a decline this recent period has shown a near-unprecedented growth in demand.
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